Many large corporations have been able to spread their business operations to numerous nations throughout the world because of globalisation. As a result, there are now many multinational corporations with extensive international networks. Another byproduct of globalisation is the phrase “Big Four,” which is used to describe the top four companies in the professional services industry. The big 4 companies in India are Deloitte, KPMG, Ernst & Young, and PwC. In the international accounting networks, all of these businesses are market leaders.
The Big Four’s services satisfy the commercial needs of several clients. According to their client’s demands, the services offered by them include audit, corporate finance, taxes, management consulting, actuarial, assurance, and legal services. The big 4 companies in India will be thoroughly explained in the below article.
The Big Four Companies In India
The international corporation Deloitte Touche Tohmatsu Limited, also known as Deloitte, focuses on professional services networks. With more than $50 billion in yearly revenue, Deloitte is one of the most prosperous businesses in the world. The corporation currently employs more than 300,000 people and has its headquarters in more than 150 countries. London serves as Deloitte’s present headquarters.
The largest auditing firm and the leader of the Big 4 companies in India is Deloitte Touche Tohmatsu Limited (DTTL). With its top-notch professional services, Deloitte is one of the top global providers. Welch, William In 1845, Deloitte established the business. In 1890, the company later increased its business operations there. The corporation has partnered with numerous other businesses throughout the years, and as a result, leaders have frequently changed the name of the business. However, the company was rebranded as Deloitte in 2008 following a marketing effort.
Deloitte currently has operations in much more than 150 countries, including 11 in India. In India, Deloitte India has a 30% market share and a total net worth of 47.60 billion USD, according to data from 2020. Given its size, it stands to reason that it also offers the most employment options and hence become one of the big four companies in India. It offers over 15000 people in its more than 11 offices in India employment possibilities.
PwC is the second business that makes up the big 4 companies in India. PricewaterhouseCoopers, or PwC, is an international professional services network of several businesses. On the list of the biggest professional services network worldwide, PwC is ranked second. With over 700 facilities around the world, the company is present in more than 150 countries. With more than 280,000 employees, the corporation has a sizable staff. PwC succeeded in producing $45 billion in sales in 2021, trailing only Deloitte, another Big Four company. Additionally, PwC boasts one of the most admired workplace cultures in the world, enabling its workers to work in a stress-free and enjoyable atmosphere.
PricewaterhouseCoopers is a UK-based business that was founded in 1998, just like Deloitte. Price Waterhouse and Coopers & Lybrand, two Big Six corporations, merged to create the business. Nearly two decades after Deloitte founded its business, PwC began operating in India. With its corporate headquarters in New Delhi, it began conducting business in India in 1998. Accounting advisory, transactions, entrepreneurship and startups, consultancy, partnerships and ecosystem, and risk assurance are just a few of the many services offered by PwC. Mr Sanjeev Krishan has just been appointed as the new CEO of PwC India.
A member of the big four companies in India is the worldwide professional services network known as Ernst & Young Global Limited, or simply EY. The company’s current headquarters are in London. EY will rank among the largest employers in the world in 2021 with a workforce of almost 300,000. Additionally, a $40 billion revenue figure is simply one more indicator of how big this organisation is. In 1989, two sizable accounting firms, Ernst & Whinney and Arthur Young & Co. merged, giving rise to the organization’s current structure. In 1903, Ernst & Ernst, the parent business of Ernst & Whinney, was founded in the United States.
Ernst and Young are currently active in more than 150 nations and, with 27 locations there, is the largest firm there. According to estimates from 2020, it has a market share of 24% in India. The business began as an accounting firm but quickly expanded to offer many additional services throughout time. The organisation now offers services such as assurance, tax consultation, business and technology consulting, strategy formulation, connected transactions, etc. The company’s revenue and performance are mostly attributed to assurance, which stands out among all of these services.
Another one of the big 4 companies in India is KPMG International Limited, also referred to as KPMG. The current location of this prestigious organization’s headquarters is Amstelveen, Netherlands. Peat Marwick, the company’s second-largest division, began operations in 1925. KMG (Klynveld Peat Goerdeler), a further associate of this business, was established in 1979. These businesses chose to unite in 1987 after operating separately for a while, which resulted in the creation of KPMG as it is today. More than 200,000 employees give the business the talent it needs to successfully deliver its services. Another indication of the company’s success was the $32 billion in sales it recorded in 2021 which makes it one of the top firms in India.
It is a global professional services company that focuses on offering services such as advisory services, government infrastructure, tax services, services for international mobility, healthcare, and digital consultation. Yezdi Nagporewalla, who was just appointed to the position in 2022, is the CEO of KPMG India. KPMG currently operates in 145 countries and provides auditing services. It also has 22 locations in India. According to Statista’s 2020 data, it has a market share of 19% in India and total revenue of 29.22 billion USD. Although there are fewer job openings than at the other Big 4 corporations, there are still plenty. In India, it currently has around 12000 employees.